China’s export, import growth accelerate in June
14th July 2017
BEIJING — Chinese trade growth accelerated for a second month in June in a positive sign for global demand and the world’s No. 2 economy.
Exports rose 11.3 percent to $196.6 billion, up from May’s 8.7 percent rate, customs data showed Thursday. Imports gained 17.2 percent to $153.8 billion, up from the previous month’s 14.8 percent growth.
Unexpectedly strong export demand could help to support Chinese economic growth that is forecast to weaken this year as Beijing tightens bank lending controls to reduce the risks of rising debt.
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